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07 June 11:19 AM

GB Corp (GBCO)

Last update: 10:03 AM market time.
26.13
-0.20
-0.76%
Open 26.33
Previous Close 26.33
High 26.29
Low 25.77
Stock Statistics
Volume 378,584
Turnover 9,839,071.00
All data are 15 minutes late during market session

News

The total value of approved dividends amounts to EGP 273.5 million
28 March 2021 01:33 PM Ghabbour Auto to pay 0.25/shr dividends for 2020
Cairo – Mubasher: The ordinary general meeting (OGM) of Ghabbour Auto (GB Auto) approved a cash dividend of EGP 0.25 per share for 2020. Join Du Trade today and invest in stocks without paying commission .. Click Here The total value of approved …
General Assembly
The board recommended a cash dividend distribution of EGP 273.5 million
28 February 2021 00:49 PM GB Auto's profit leaps 2,048% in 2020; dividends proposed
Cairo – Mubasher: The consolidated net profits of Ghabbour Auto (GB Auto) jumped by 2,048% year-on-year (YoY) to EGP 916.95 million in 2020, compared to EGP 42.67 million, excluding minority shareholders’ rights. The profits attributable to …
Cash Dividends
The offering includes three tranches of bonds with maturities of 13, 37, and 60 months
3 January 2021 11:27 AM GB Lease completes EGP 2.01bn securitised bond offering
Cairo – Mubasher: Ghabbour Auto (GB Auto) said that its subsidiary GB Lease concluded its fourth securitised bond offering at a value of EGP 2.041 billion. “Proceeds from the transaction will be used to deleverage GB Lease’s balance sheet to …
Bonds
Proceeds from the transaction will be used to deleverage Drive’s balance sheet
31 December 2020 00:06 PM GB Auro's unit completes EGP 892m securitised bond offering
Cairo – Mubasher: Ghabbour Auto (GB Auto) said that its subsidiary Drive Finance concluded its second securitised bond offering at a value of EGP 892 million. “Proceeds from the transaction will be used to deleverage Drive’s balance sheet and …
Bonds
The deal amounts to EGP 73 million
21 December 2020 10:54 AM GB Auto's unit acquires 20% of New City Housing & Development
Cairo – Mubasher: Ghabbour Auto (GB Auto) announced that its fully-owned non-banking financial arm GB Capital acquired 20% of New City Housing & Development, formerly known as Orascom Housing Communities (OHC). The EGP 73 million deal will …
Mergers and Acquisitions
The cost of revenues dropped to EGP 12.84 billion
15 November 2020 11:43 AM GB Auto’s profit jumps 357% in 9M
Cairo – Mubasher: Ghabbour Auto (GB Auto) recorded a 356.6% year-on-year (YoY) surge in net profit, logging EGP 794.77 million in the first nine months of 2020, compared to EGP 174.07 million, including minority shareholders’ rights. GB Auto’s …
Financial Results
GB Auto achieved net profits of EGP 363.02 million in six months
23 September 2020 11:09 AM GB Auto's unit gets approval to provide consumer financing services
Cairo – Mubasher: Ghabbour Auto (GB Auto) announced that its subsidiary Drive Finance has obtained preliminary approval from the Egyptian Financial Regulatory Authority (FRA) to provide consumer financing services, along with auto loans. This move …
Company News
GB Auto achieved net profits of EGP 363.02 million in six months
10 September 2020 01:30 PM GB Auto announces merger of three companies into RG Investments
Cairo – Mubasher: Ghabbour Auto (GB Auto) announced that NR Investments SARL, DR Investments SARL, and KA R Investments SARL have merged into RG Investments SARL. Shareholders of these companies will obtain holdings in RG Investments without …
Mergers and Acquisitions
GB Auto posted net profits of EGP 363.02 million in six months
1 September 2020 05:25 PM GB Auto partners with China's Higer to assemble buses in Egypt
Cairo – Mubasher: Ghabbour Auto (GB Auto) announced its partnership with China’s Higer Bus Company Limited to represent the bus manufacturer in Egypt and locally assemble buses at GB Polo. Higer and GB Polo will lead the localisation process of …
Companies Investments
Tokio Marine Egypt Family Takaful will be relaunched under a new brand
27 August 2020 11:11 AM EFG Hermes, GB Auto acquire majority stake in Tokio Marine Egypt
Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes), through its non-banking financial institution (NBFI) arm EFG Hermes Finance Holding, and Ghabbour Auto (GB Auto), through its NBFI arm GB Capital, have completed the …
Companies Investments
GB Auto generated EGP 9.9 billion in sales in the January-June period
13 August 2020 04:59 PM GB Auto's profit surges 220% in H1-20
Cairo – Mubasher: The consolidated financial statements of Ghabbour Auto (GB Auto) reported a 220% year-on-year (YoY) increase in its net profits to EGP 363.02 million in the first half (H1) of 2020 from EGP 113.4 million, including minority …
Financial Results
Sales rose to EGP 5.888 billion in the three-month period
17 May 2020 01:47 PM GB Auto’s profit jumps 182% in Q1-20
Cairo – Mubasher: The consolidated financial statements of Ghabbour Auto (GB Auto) reported a 182% year-on-year (YoY) leap in its net profits during the first quarter of 2020. The automotive company’s net profits surged to EGP 216.15 million in …
Financial Results
GB Auto’s net profits plunged to EGP 223.55 million
5 May 2020 03:56 PM GB Auto adds MG brand to its portfolio in Iraq
Cairo – Mubasher: Ghabbour Auto (GB Auto) signed a partnership agreement with SAIC Motor Middle East to add MG Brand to its portfolio in Iraq. GB Auto was selected to market, distribute, and provide aftersales and warranty services for …
Companies Investments
The remaining amount of the proceeds stands at EGP 815.7 million
27 April 2020 03:16 PM GB Auto uses EGP 143m of capital raise proceeds
Cairo – Mubasher: Ghabbour Auto (GB Auto) used EGP142.97  million worth of proceeds of the capital raise subscription amounting to EGP 958.67 million listed in June 2015 till December 2019. The proceeds were used to finance the payment of …
Company News
GB Auto also adopted a cost reduction programme starting from April
9 April 2020 01:34 PM GB Auto freezes CAPEX plans on COVID-19
Cairo – Mubasher: Ghabbour Auto (GB Auto) has taken additional measures to shield its customers and employees against the implications of the novel coronavirus (COVID-19) outbreak. The company decided to freeze all auto and auto related capital …
Companies Investments
GB Auto’s net profits dropped to EGP 223.55 million in 2019
29 March 2020 01:01 PM GB Auto’s shareholders retract decision to merge with RGI
Cairo – Mubasher: The extraordinary general meeting (EGM) of Ghabbour Auto (GB Auto) approved a recommendation to retract its decision to merge with RG Investments (RGI). The company’s shareholders also decided to cancel all the effects resulting …
Mergers and Acquisitions
Shareholders are set to meet on 26 March to vote on the proposal
27 February 2020 00:18 PM GB Auto’s board retracts decision to merge with RGI
Cairo – Mubasher: The board of directors of Ghabbour Auto (GB Auto) provided a recommendation to the extraordinary general meeting (EGM) to retract its decision to merge with RG Investments (RGI). The board also proposed cancelling all the effects …
Mergers and Acquisitions
The company’s sales fell to EGP 25.4 billion in 2019
27 February 2020 11:43 AM GB Auto’s profit sinks 67% in 2019
Cairo – Mubasher: Ghabbour Auto (GB Auto) reported a 66.75% year-on-year plunge in its net profits during 2019, the company’s consolidated financial statements showed. The automotive company’s net profits dwindled to EGP 223.55 million last year …
Financial Results
GB Auto will look for new representations of PC brands in Iraq
26 February 2020 01:18 PM GB Auto no longer represents Hyundai in Iraq
Cairo – Mubasher: Ghabbour Auto (GB Auto) will no longer represent Hyundai in its passenger car’s (PC) division in Iraq as the South Korean auto manufacturer changes its policy to a multi-distributor model strategy in the Arab country. “Such …
Company News
The coronavirus outbreak has no impact on the Egyptian market
6 February 2020 05:37 PM GB Auto denies coronavirus’ impact on its operations
Cairo – Mubasher: Ghabbour Auto (GB Auto) has denied any impact on its operations by the coronavirus outbreak, according to a statement released on Thursday. The company noted that it received a notice from Chinese automaker Chery regarding a …
Companies Investments
The banking sector is forecast to be the top beneficiary of the new amendment
23 December 2019 04:34 PM Ghabbour Auto among top beneficiaries of raising debt burden ratio – Report
Cairo – Mubasher: Several companies listed on the Egyptian Exchange (EGX) are expected to benefit the most from the Central Bank of Egypt’s (CBE) decision to raise the debt burden ratio of retail portfolio to 50%. The banking sector is forecast to …
Central Banks
The transaction is still pending regulatory approval
22 December 2019 11:35 AM EFG Hermes, GB Auto to acquire 75% of Tokio Marine Egypt Family Takaful
Cairo – Mubasher: EFG Hermes announced that its subsidiary EFG Hermes Finance Holding and Ghabbour Auto’s (GB Auto) subsidiary GB Capital signed a definitive sale and purchase agreement (SPA) to acquire 75% of Tokio Marine Egypt Family Takaful. …
Mergers and Acquisitions
Net profits tumbled to EGP 174.07 million
13 November 2019 00:12 PM GB Auto’s profit drops 67% in 9M
Cairo – Mubasher: Ghabbour Auto (GB Auto) posted a 67% year-on-year profit decrease during the first nine months of 2019, the company’s consolidated financial statements showed. Net profits tumbled to EGP 174.07 million in the January-September …
Financial Results
CIB also served as bookrunner and underwriter of the transaction
6 November 2019 06:07 PM GB Auto’s unit concludes 1st EGP 425m securitised bond offering
Cairo – Mubasher: Ghabbour Auto (GB Auto) announced that its subsidiary Drive Finance has concluded its first securitised bond offering worth EGP 425 million. Proceeds from the offering will be directed to “deleverage Drive’s balance sheet and …
Corporate Actions
GB Auto holds a 90% stake in Drive Finance
18 September 2019 03:16 PM GB Auto to issue securitised bonds for Drive Finance before end 2019
By: Heba El-Kordy Cairo – Mubasher: Ghabbour Auto (GB Auto) has not received yet the Egyptian Financial Regulatory Authority's (FRA) final approval concerning offering securitised bonds for its subsidiary Drive Finance, the company’s associate …
Companies Investments